On April 27, 2022, Ireland Revenue published an update to its Tax and Duty manual (TDM) Part 02-01-03 taxation of crypto-asset transactions. The purpose of the TDM is to provide guidance on the tax treatment of various transactions involving cryptocurrencies, virtual currencies, digital money, or any variations of these terms, all of which are referred to as ‘crypto-assets.’ This April 2022 update provides clarity and examples on the treatment of transactions that involve crypto-assets. The tax treatments in the TDM are for tax purposes only and do not reflect the treatment of crypto-assets for regulatory or other purposes.
Check out TDM Part 02-01-03 here:
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[14:19] Evelyn Wright
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